US stocks edge higher; Fed policymakers seek to rein in rate cut optimism
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- Wall St set to open higher as tech rebounds, Micron earnings eyed
- Brent hits lowest since before start of Iran war on expectations of smoother oil flows via Hormuz
- All eyes on Micron earnings tonight as sell-off raises stakes for AI memory trade
- Alphabet added to Dow Jones Industrial Average, Verizon dropped
- Broadcom rises 3% on OpenAI custom "JalapeƱo" chip reveal
- Needham Starts NeoVolta (NEOV) at Buy
- Wall Street ends lower on semiconductor selloff as AI spending concerns mount
- NextEra to discuss paying about $76 per share for Dominion, Bloomberg News reports
- Campbell Soup (CPB) Declares $0.39 Quarterly Dividend; 7.7% Yield
- KKR launches Helix with over $10 billion to build AI infrastructure
Apple (AAPL) market cap to hit $4 trillion by end of 2024 claims Wedbush analyst
December 20, 2023 8:46 AM ESTApple (NASDAQ: AAPL) will be the first $4 trillion market cap company by the end of 2024. That's according to Wedbush analyst Daniel Ives, who made the claim in a note to clients Wednesday.
Wedbush's view is based on the pace of growth and monetization the firm estimates for Apple over the... More
The Santa Claus rally is real - BofA
December 19, 2023 1:14 PM ESTThe Santa Claus rally is real, according to BofA in a research note Tuesday, with the firm noting the S&P 500 has rallied 3.3% over the first ten sessions of December, which ended on 12/14.
Analyst Stephen Suttmeier provided data backing up the claims in the note, revealing that for all years going back to 1928, the last ten trading days of December are up 72% of the time on an average return of 1.17% (0.95% median).
"In Year 3 of the... More

